Member Info for Popeye62

Fairy1 - Good luck. I wasn't that much down on Cineworld, but I've got to be honest, I didn't enjoy the drama and the volatility of the share, it's a bit too risky for my liking. I prefer the high yielding dividend stocks like BHP. We all expect the SP to drop on ex-dividend day, but the question is by how much? Over time they normally always come back. Enjoy your weekend. Atb Popeye.

Fairy1 - I did exactly the same thing. I sold Cineworld at a £3k loss to buy my first tranche of just over 3,000 shares in BHP @ 2130p. I'm over £3k up on that buy in, plus the dividend, and without all the drama!!! Lol. Good luck with whatever you decide to do. Atb Popeye.

Good morning Fairy1. If you buy the shares right up to the close of business on the 1st September you will receive the dividend. You don't have to wait until the following day to sell the shares. If you sell on ex-dividend day you will still receive the dividend. Good luck. Atb. Popeye.

Capitalistpig - My previous post was very similar to yours, so my apologies, as I think we were posting at the same time, but I obviously type slowly!!! I always try to take the dividend, there are a few occasions when I haven't. If it hits 2400p, it's not necessarily a guarantee that it will go to 2250p on ex-dividend day. A lot depends on how the markets are behaving on that given day. As you say, you could sell in early trading, and may well find you're better off by holding for the dividend. It's your call. I will definitely be holding for the dividend. The question is, how high will she go prior to ex-dividend? Or have we already seen the best of the SP rise? Personally I think there is more to come. Good luck whatever you decide. Atb. Popeye.

This has been rising nicely this week. I started buying last Thursday from 2130p for the £1.46 dividend, and have been adding up to 2183p. It will be interesting to see how high it will go by next Wednesday???? I will hold right up until ex-dividend day to receive the dividend. It would be a bonus to be able to sell out at higher than my entry price, and still receive the dividend!!! Surely it should make close to 2400p with 4 trading days to go. Fingers crossed. Good luck all. Atb. Popeye.

Bonkers - Thank you for your kind words and for wishing me luck. I wish you all the best too. Atb Popeye.

As of today I'm completely out. Perhaps I went in a bit too heavy!!! In the end my losses were £3k, which surprisingly enough, I'm more than comfortable with!!! I wish everyone who is still in the very best of luck, and I sincerely hope it rockets for all of you. For me it's just a little bit too precarious and volatile at the moment, I appreciate that some of you are locked in with higher averages, and therefore you will sit it out until it becomes good again, which I'm sure in time it will. Best of luck to you all. Atb. Popeye.

Bananaman2 - I also try to sell when the SP rises and forfeit the dividen, for the SP gain. I also hold BATS, and I've done really well holding them for the dividend. On the last dividend I held to receive the 54p dividend, and then sold at 2840p. I then started buying tranches at below 2700p. I even managed to get a fair chunk at 26.36p. I'm also holding Direct Line Insurance. My philosophy is that when inflation starts to push higher, investors will buy the high yielding stocks to try and preserve their cash. We could well see inflation at 5% plus!!! So far today, all my buys in IMB are in profit, I just need to recoup the stamp duty and dealing costs!!! Good luck to you. Atb. Popeye.

Sidi - One good thing about today, is it's an ideal opportunity to buy. I've already bought 5 batches today, and I'm going to sell other stocks to add more. As one poster pointed out, a 9% dividend is incredible!!! Wait until inflation really starts to kick in, then I think these high yielding shares will start to fly. Atb. Popeye.

Plumber - I also added today at 62.59p. Good luck.

I also traded Esken heavily last year, buying at an average of average of 21p and selling at an average of 37p. Personally I don't think this is over, certainly not for the SP. I bought 200,000 shares yesterday. I'm hoping to sell in the near future in the 20's. I do hope that I don't have to start averaging down though!!! Atb.

AMC up 8.88%. The Chinese love the number "8" it's considered to be a very lucky number. I'm looking forward to the results on the 12th. Good luck all. Atb.

Funinvestor- Nevertheless, it's still a 7.05% increase in the SP from the previous day, and the day prior to the results being announced, which must be seen as a positive??? I would certainly welcome a 7.05% increase in the SP of Cineworld, and see it as a positive. Let's keep an eye on Cinemark today, to see how the market interprets and digests the latest numbers. Good luck. Atb Popeye.

Cinemark shares were up 7.05% yesterday. Buyers of the shares yesterday must be clairvoyant!!! The market obviously likes the results, as they are already up 3% pre-trading. Atb.

Funinvestor - " it could be argued if their results are better than expected it is to the detriment of us (e.g. they took greater market share leaving less for us) FI. That's absolutely absurd and complete rubbish. If our competitors are busy, and their results reflect this, then it certainly isn't to our detriment!!! There's certainly no argument. FI. You normally post some good content, but that is certainly the biggest load of tosh I've ever read from you. I certainly don't buy into that, and I don't think anyone else would??? We want them to be busy, and we want them to post results better than the markets are expecting. End of. Good luck to you though. Atb.

Lol!!! Very good.

A special dividend would be a lovely surprise. If it was a decent special dividend, then the SP would obviously rise considerably. With a decent rise in the SP, they wouldn't be a million miles away from being in contention for a reshuffle into the FTSE100??? Just a thought SIDI. What do you think???

Is there any chance of a special dividend being included in the results tomorrow? Or is that just wishful thinking? Win draw or lose tomorrow!!! Good luck all.

I fully agree with Funinvestor. There's obviously liquidity issues, and the beast needs feeding, hopefully this is just a short term fix and normal service will be resumed shortly!!! Remember the major shareholders are also looking after their own interest, and the old saying, "you don't throw good money after bad" springs to mind. The fact that the company has been thrown a lifeline, and is being supported is a positive. Definitely patience is required, and I may have to top up if the price goes back to the mid 50's. The fact that the major shareholders are prepared to support the company, gives me reassurance in my investment. I'm quite happy and confident for it to come to fruition. Good luck all.

I've recently invested in Cineworld over the past week, and I initially started buying at 68p, and have bought in batches as low as 61p. My average is currently 64p, and I'm holding a fair chunk of stock. I'm also invested in Mitchells and Butler (MAB), who today released their quarterly update. I think this is a great indicator for a correlation with Cineworld, as they both operate within the same sector, ie the leisure industry. It's interesting to note that when indoor entertainment opened up in May of this year, the initial trading was 98% compared to 2019 pre-Covid19, and then settled at 89%. They state that they seen a further increase in business since " Freedom Day". If Cineworld has been trading at 90% of 2019 levels recently, then in my opinion, we are in a very good place. Obviously we will find out on the 12th August??? I would be interested to hear other peoples thoughts, as to what percentage of 2019 they feel we're currently trading at??? Good luck. Atb. Popeye.